The Ethereum network was the first to deploy smart contracts. That being said, owing to its size and the enormous number of traders in the monolithic blockchain world, it has reached a point where its scalability, low transaction speed, and high gas fees have all become the pressing issues.
So, by supporting EVM-compatible smart contracts that motivate code execution in an environment similar to EVMs, XY Finance no longer needs to build solutions from scratch. On the contrary, our methodology facilitates faster transactions, higher capacity, and lower gas fees. It also significantly lowers energy consumption per transaction.